• Welcome to your Forex Forum - share your currency trading strategies, news & tips!
    Sign up Log in

Key Metrics Signal Aggregate US Retail Sales Increase, US Dollar Holds Firm.

amogosolomon

New member
The US Retail sales is an economic indicator in USA that keeps inventory of demand for finished goods, by measuring the purchases of durable and non-durable goods over a defined period of time. It is the primary gauge of consumer spending, which accounts for the majority of the overall economic activities.
In August 2021, the US Retail Sales declined -1.1% month-over-month from the previous 0.7% percentage base, as spending shifts to the service sectors following economic reopening and traveling pick up. It has maintained a diminishing growth pattern after a huge Retail Sales released figure in April with a 9.8% increase.

 

Jason

Administrator
The US Retail sales is an economic indicator in USA that keeps inventory of demand for finished goods, by measuring the purchases of durable and non-durable goods over a defined period of time. It is the primary gauge of consumer spending, which accounts for the majority of the overall economic activities.
In August 2021, the US Retail Sales declined -1.1% month-over-month from the previous 0.7% percentage base, as spending shifts to the service sectors following economic reopening and traveling pick up. It has maintained a diminishing growth pattern after a huge Retail Sales released figure in April with a 9.8% increase.

good insight, always need such information
 
Changes in interest rates, retail sales, inflation, manufacturing, supplying and anything related to economic growth have a direct impact on the forex market. Thank you for sharing this useful information with us.
 

amogosolomon

New member
Thank you for sharing it. Such macroeconomics news is really helpful for forex traders for taking important buy and sell decisions.
yes Brenda Lloyd, you're right. macroeconomic analysis is vital for trading decisions. thank you for this. are you active on LinkedIn? let's connect
 
This Covid pandemic had the worst impact on global demand and supply of goods. Thankfully things are changing now. We can expect growth in retail sales as various businesses are re-opening.
 
Top